Lanxess to buy Chemtura

3rd October 2016 | 0 Comments

On 29 September Lanxess announced plans to acquire US-based Chemtura Corporation, one of the major global providers of flame retardant and lubricant additives.

Under the terms of the two parties’ agreement, Chemtura shareholders will receive US$33.50 per share in cash for each outstanding share of common stock held, which represents an 18.9 per cent premium to the stock’s closing share price of $28.18 on 23 September 2016. The 2.4 billion euro transaction will be financed by Lanxess mainly through senior and hybrid bonds and is expected to close around mid-2017.

The rest of this article is for subscribers only:
Log inSubscribe

Tags: , , , , ,

Category: Company News

Buy subscriptions, premium industry reports, and business directory entries in our shop. | Dismiss

[ + ]